All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VSMAX vs. VLCAX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Growth of $10,000

Fri 2004-01-30💬 to Mon 2026-09-21 Overall
Return 		Exponential
Trendline
VSMAX × 		+350.46%
+6.87%/yr 		+7.44%/yr
R2=0.896
Vanguard Small-Cap Index Fund Admiral Shares Mutual Fund
VLCAX × 		+502.13%
+8.25%/yr 		+8.66%/yr
R2=0.908
Vanguard Large-Cap Index Fund Admiral Shares Mutual Fund

Growth of $10,000 Summary

Fri 2004-01-30💬 to Mon 2026-09-21 Start
Value 		End
Value
VSMAX × 		$10,000.00
2004-01-30 		$45,046.10
2026-09-21
VLCAX × 		$10,000.00
2004-01-30 		$60,213.39
2026-09-21

This Year’s Performance

through 2026-09-21

  YTD YoY
VSMAX × 		+9.73% +10.74%
VLCAX × 		+10.38% +13.65%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
VSMAX × 		−6.18%
on 2026-09-21
from 2026-08-14 peak 		−60.44%
on 2009-03-09
from 2007-07-13 peak
VLCAX × 		−0.54%
on 2026-09-21
from 2026-08-13 peak 		−55.55%
on 2009-03-09
from 2007-10-09 peak

Rolling Returns

Period ending Mon 2026-09-21 1 yr 2 yr 3 yr 5 yr 10 yr
VSMAX × 		+10.74% +19.02%
+9.09%/yr 		+47.09%
+13.73%/yr 		+16.90%
+3.17%/yr 		+98.58%
+7.10%/yr
VLCAX × 		+13.65% +31.55%
+14.70%/yr 		+71.80%
+19.77%/yr 		+53.32%
+8.92%/yr 		+203.88%
+11.76%/yr

Annual Returns

Year VSMAX VLCAX
2026 (YTD) +9.73% +10.38%
2025 +6.00% +15.02%
2024 +11.03% +21.60%
2023 +14.34% +23.14%
2022 −22.61% −24.57%
2021 +10.00% +18.67%
2020 +17.46% +19.40%
2019 +24.52% +28.45%
2018 −11.02% −6.27%
2017 +13.83% +19.50%
2016 +15.90% +9.38%
2015 −4.34% +0.33%
2014 +6.70% +12.53%
2013 +35.79% +30.69%
2012 +16.21% +14.09%
2011 −5.49% −1.34%
2010 +26.00% +14.10%
2009 +32.73% +24.40%
2008 −36.08% −37.10%
2007 −2.74% +2.24%
2006 +12.92% +12.74%
2005 +3.93% +2.67%
2004 +16.23% +7.35%
2003 +43.07% —
2002 −21.86% —
2001 +1.65% —
2000 +2.65% —